Maxim Integrated Products, Inc. (NASDAQ:MXIM) – Analysts at KeyCorp issued their Q1 2018 EPS estimates for shares of Maxim Integrated Products in a research report issued to clients and investors on Thursday. KeyCorp analyst M. Mcconnell forecasts that the semiconductor company will post earnings of $0.55 per share for the quarter. KeyCorp also issued estimates for Maxim Integrated Products’ Q2 2018 earnings at $0.58 EPS, Q3 2018 earnings at $0.59 EPS, Q4 2018 earnings at $0.62 EPS, FY2018 earnings at $2.34 EPS, Q1 2019 earnings at $0.62 EPS and Q2 2019 earnings at $0.59 EPS.

Other equities analysts have also recently issued reports about the company. B. Riley reiterated a “neutral” rating and set a $44.00 target price on shares of Maxim Integrated Products in a research note on Friday, April 21st. BidaskClub lowered Maxim Integrated Products from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 17th. Royal Bank Of Canada reissued a “sector perform” rating and set a $47.00 price target (up from $45.00) on shares of Maxim Integrated Products in a research report on Monday, April 24th. Stifel Nicolaus reissued a “buy” rating and set a $50.00 price target (up from $44.00) on shares of Maxim Integrated Products in a research report on Friday, April 14th. Finally, Maxim Group started coverage on Maxim Integrated Products in a research report on Friday, June 16th. They set a “market perform” rating on the stock. One analyst has rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $47.61.

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Maxim Integrated Products (NASDAQ:MXIM) opened at 45.10 on Monday. The firm has a market capitalization of $12.75 billion, a PE ratio of 22.78 and a beta of 1.04. The stock has a 50 day moving average of $46.55 and a 200-day moving average of $45.01. Maxim Integrated Products has a one year low of $37.25 and a one year high of $49.70.

Maxim Integrated Products (NASDAQ:MXIM) last announced its earnings results on Thursday, July 20th. The semiconductor company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. The business had revenue of $602 million for the quarter, compared to analysts’ expectations of $609.52 million. Maxim Integrated Products had a net margin of 24.90% and a return on equity of 28.45%. The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.49 EPS.

Several hedge funds and other institutional investors have recently modified their holdings of MXIM. Quantitative Systematic Strategies LLC acquired a new position in shares of Maxim Integrated Products during the second quarter worth approximately $237,000. Duncker Streett & Co. Inc. raised its position in shares of Maxim Integrated Products by 21.1% in the second quarter. Duncker Streett & Co. Inc. now owns 2,874 shares of the semiconductor company’s stock worth $129,000 after buying an additional 500 shares during the period. APG Asset Management N.V. raised its position in shares of Maxim Integrated Products by 55.2% in the second quarter. APG Asset Management N.V. now owns 388,958 shares of the semiconductor company’s stock worth $17,464,000 after buying an additional 138,325 shares during the period. Bedrijfstakpensioenfonds Voor DE Media PNO acquired a new position in shares of Maxim Integrated Products during the second quarter worth approximately $1,239,000. Finally, First Quadrant L P CA acquired a new position in shares of Maxim Integrated Products during the second quarter worth approximately $15,744,000. 89.44% of the stock is currently owned by institutional investors.

In other news, CEO Tunc Doluca sold 12,000 shares of the firm’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $44.49, for a total transaction of $533,880.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Joseph R. Bronson sold 18,300 shares of the firm’s stock in a transaction on Tuesday, April 25th. The shares were sold at an average price of $45.08, for a total value of $824,964.00. The disclosure for this sale can be found here. Insiders sold 241,548 shares of company stock worth $11,148,556 over the last ninety days. 1.30% of the stock is owned by corporate insiders.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 31st will be given a $0.36 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This is a positive change from Maxim Integrated Products’s previous quarterly dividend of $0.33. This represents a $1.44 annualized dividend and a yield of 3.19%. Maxim Integrated Products’s dividend payout ratio (DPR) is currently 66.33%.

Maxim Integrated Products declared that its Board of Directors has approved a share repurchase plan on Thursday, July 20th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the semiconductor company to purchase up to 7.4% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

Maxim Integrated Products Company Profile

Maxim Integrated Products, Inc is engaged in designing, developing, manufacturing and marketing a range of linear and mixed-signal integrated circuits, referred to as analog circuits. The Company also provides a range of high-frequency process technologies and capabilities for use in custom designs. The Company caters to automotive, communications and data center, computing, consumer and industrial markets.

Earnings History and Estimates for Maxim Integrated Products (NASDAQ:MXIM)

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